Legal Aspects of Regulatory Treatment of Banks in Distress

• Author: Tobias M. C. Asser
• Pages: 4-

Page 4

This new book discusses banks in distress-defined as banks that are not in compliance with prudential banking law-and, specifically, legal aspects of their regulatory treatment. The work is based on a comparative study of laws in selected countries with banking legislation that may serve as a standard for treating banks in distress. Because the book focuses on the legal aspects, it addresses only those banking and economic policy issues required for a proper understanding of banking law or the legal strategies, procedures, and practices that have evolved in the treatment of banking problems.

The starting-off point of the study is where prudential enforcement gives way to corrective action. It is organized with progression from noncompliance with prudential requirements and early signs of financial distress to insolvency; from...